Whitefield - As cool as it sounds, the facts about this place are over whelming. This location has a rich history. The transformation that Whitefield has been through, right from pre-independence period to the time when Bangalore was hit by IT boom makes it worth. It has become a major hub for IT industry in India, making it another major highlight of Bangalore. Since it houses the most reputed companies, Whitefield has become a prime location for housing and development projects.
The presence of international schools and renowned hospitals here is like cherry on the cake and makes it one among the best of investor friendly locations. Therefore, over a period the demand for rented apartments in Whitefield has grown incredibly.
If you are looking to invest in real estate, here are few reasons that makes Whitefield a perfect choice:
Property Appreciation - It is always risky for investors to buy properties in localities where the property rates fluctuate with great figures quickly. Luckily, that's not the case with Whitefield. The value didn't grow suddenly but has been growing slowly and steadily.
Location Convenience - Being home to global companies and young population floating in everyday, Whitefield has developed over the years. It has good connectivity with Koramangala, Silk Board, Electronic city & other suburban areas of Bangalore. Also, the much awaited Namma Metro Phase 2 will cater to commuting needs of this locality.
It was once a location of people retirement plan, where they would purchase a villa in Whitefield out of their years of income and move out of the hustle and bustle of cities and settle down. Whitefield is one of the few locations to have seen such rapid development that Government of Karnataka has allocated special funds and resources for infrastructure development.
Residential development started only since 2002 and it has become the most sought after destination to invest. Most reputed builders of Bangalore have projects selling properties in Whitefield. People who have invested in Whitefield initially have made tremendous profits out of their investment.
So, If you already own apartment in Bangalore and want to invest more in the real estate, you can easily find luxury flats in Whitefield as your second home.